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A company decided to offer cash discounts to its regular customers, provided they have a proven track record of on - time payment. The company

A company decided to offer cash discounts to its regular customers, provided they have a proven track record of on-time payment. The company is offering one customer a discount on its purchases. The credit term offered is 2/10, net 60. Should the customer take the discount if a short-term loan can be obtained at 9%?(Assume a 365-day year.)

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